Form 4: Movado Group Senior VP Acquires Additional Phantom Stock Units

Mitchell Cole Sussis, Senior VP and General Counsel of Movado Group Inc., acquired 70.95 phantom stock units under the company's Deferred Compensation Plan, increasing his total beneficial ownership to 1,409.16 units.

Summary

• Mitchell Cole Sussis, Senior VP and General Counsel of Movado Group Inc. (MOV), acquired 70.95 phantom stock units.
• The transaction occurred on June 30, 2025.
• These phantom stock units are the economic equivalent of one share of Movado Group, Inc. common stock.
• The units were acquired under the issuer's Deferred Compensation Plan.
• Following this transaction, Mitchell Cole Sussis beneficially owns a total of 1,409.16 phantom stock units.
• The acquired phantom stock units are distributable in equal annual installments over 10 years following the reporting person's termination of employment with the issuer.

Sentiment

Score: 6

Explanation: The filing indicates a routine executive compensation transaction involving the acquisition of phantom stock units, which aligns executive interests with the company's long-term performance. There are no negative disclosures.

Positives

• Senior executive Mitchell Cole Sussis increased his beneficial ownership in Movado Group, Inc. through the acquisition of 70.95 phantom stock units.
• The acquisition of phantom stock units under a deferred compensation plan aligns the executive's long-term interests with shareholder value, as these units are economic equivalents of common stock.

Negatives

• NA

Risks

• NA

Future Outlook

Phantom stock units acquired are distributable in equal annual installments over 10 years following the reporting person's termination of employment with Movado Group, Inc.

Management Comments

• "Each share of phantom stock is the economic equivalent of one share of Movado Group, Inc. common stock."
• "Phantom stock units acquired under issuer's Deferred Compensation Plan distributable in equal annual installments for 10 years following date of reporting person's termination of employment with issuer."

Industry Context

The use of phantom stock units as part of executive compensation is a common practice across various industries, including consumer goods and luxury brands, to align executive incentives with long-term company performance and shareholder interests without immediate equity dilution.

Comparison to Industry Standards

• NA

Legal Proceedings

• NA

Related Party Transactions

• Acquisition of phantom stock units by Senior VP and General Counsel Mitchell Cole Sussis from Movado Group, Inc. under the company's Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: Potential positive alignment of executive interests with long-term shareholder value through the deferred compensation structure.

Next Steps

• Distribution of phantom stock units in equal annual installments over 10 years following the reporting person's termination of employment.

Key Dates

Keywords

Movado Group, MOV, Mitchell Cole Sussis, Phantom Stock, Deferred Compensation Plan, SEC Form 4, Insider Transaction, Executive Compensation, Stock Units